Armenia Launches Wind Power Plant

PanARMENIAN.Net - The possible rise in prices for Russian gas imported to Armenia will not be a shock, Armenian Energy Minister Armen Movsisian stated December 6 at the launching ceremony of the first-ever Armenian wind power plant in the Lori region. In his words, the price for gas in the republic was law and did not meet the current price at the international market what contributed to the development of the energy field of Armenia. According to Armen Movsisian, the RA is negotiating with Iran on supply of liquid fuel to Armenia via a compact pipeline and by motor transport. To note, presently Iran and Armenia are building a highway connecting the two countries. In early 2007 the Iran-Armenia gas pipeline will be put into operation.



Meanwhile, the combined power of the wind turbines is 2.6 megawatts. The facility, the first of its kind in the South Caucasus, has been built with $3.5 million assistance provided by the Iranian government. The plant will process energy with the wind speed of 3-15 meter per second. It is planned to make the capacity 90 megawatts, reported IA Regnum.
 Top stories
Iran’s Alireza Kameli said that an average of one million cubic meters of natural gas is currently being exported to Armenia.
According to Minister Yervand Zakharyan, about $220 million will be invested in the project; the agreement will be signed within four months.
Maufacturing of tobacco products increased by 49.1% to AMD 94 bn, with production of jewelry also climbing 61% to AMD 18 bn.
Net inflow of remittances to Armenia in the reporting period amounted to approximately $891,4 million, down by 35.8% remitted in 2014.
Partner news